For 2020, Bramble Company has cost of goods manufactured of $500400, beginning finished goods inventory of...
For 2020, Bramble Company has cost of goods manufactured of $500400, beginning finished goods inventory of $25700, and ending finished goods inventory of $20800. How much is cost of goods sold?
|
$505300 |
|
$495500 |
|
$546900 |
|
$453900 |
Homework Answers
The correct answer is $505300
Explanation and calculation
Cost of goods sold
= beginning inventory + cost of goods manufactured - ending inventory
=25700+500400-20800
=$505300
Add Answer to:
For 2020, Bramble Company has cost of goods manufactured of
$500400, beginning finished goods inventory of...
For 2020, Bramble Company has cost of goods manufactured of $500400, beginning finished goods inventory of...
For 2020, Bramble Company has cost of goods manufactured of
$500400, beginning finished goods inventory of $25700, and ending
finished goods inventory of $20800. How much is cost of goods
sold?
$505300
$495500
$546900
$453900
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View Policies Current Attempt in Progress Bramble Corp.has $24000 of ending finished goods inventory as of...
View Policies Current Attempt in Progress Bramble Corp.has $24000 of ending finished goods inventory as of December 31, 2013. If beginning finished goods inventory was $18000 and cost of goods sold was $53000, how much would Bramble report for cost of goods manufactured? $59000 $18000 $77000 $47000 Attempts: 0 of 1 used Submit Answer Save for Later
Cost of goods manufactured equals $75000 for 2019. Finished goods inventory is $2000 at the beginning...
Cost of goods manufactured equals $75000 for 2019. Finished goods inventory is $2000 at the beginning of the year and $5500 at the end of the year. Beginning and ending work in process for 2019 are $4000 and $5000, respectively. How much is cost of goods sold for the year? $77500 $71500 $78500 $73000 Save for Later Attempts: 0 of 1 used Submit Answer
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Cost of goods sold equals beginning finished goods inventory, plus cost of goods manufactured, less ending...
Cost of goods sold equals beginning finished goods inventory, plus cost of goods manufactured, less ending finished goods inventory. True or False
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ssume the following: Beginning finished goods inventory Ending finished goods inventory Unadjusted cost of goods sold $10,000 $ 9,900 $ 48,000 What is the cost of goods manufactured? Multiple Choice $47,800 $50,000
For 2020, Bramble Company has cost of goods manufactured of
$500400, beginning finished goods inventory of $25700, and ending
finished goods inventory of $20800. How much is cost of goods
sold?
$505300
$495500
$546900
$453900
View Policies Current Attempt in Progress Bramble Corp.has $24000 of ending finished goods inventory as of December 31, 2013. If beginning finished goods inventory was $18000 and cost of goods sold was $53000, how much would Bramble report for cost of goods manufactured? $59000 $18000 $77000 $47000 Attempts: 0 of 1 used Submit Answer Save for Later
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Compute cost of goods sold using the following information: $ Finished goods inventory, beginning Cost of goods manufactured Finished goods inventory, ending 800 4,200 1,150 Cost of Goods Sold is Computed as: Cost of goods sold $ 0 Compute cost of goods sold for the period using the following information. Finished goods inventory, beginning Work in process inventory, beginning Work in process inventory, ending Cost of goods manufactured Finished goods inventory, ending $ 370,000 85,000 74,100 961,300 298,000 Cost of...
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